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<p>According to <a href="https://twitter.com/WorldOfCharts1/status/1758957147931463884?t=e3dJED1lqWlYBAXuYJEGtQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">crypto analyst World of Charts</a>, the price chart for Injective’s INJ token appears bullish as it starts breaking out of a bull pennant pattern.</p>
<p>At the time of World of Charts’ analysis, INJ was trading around $37 and looking to break resistance around that level. A successful breakout from the pennant pattern could see INJ target new highs towards $50-55, the analyst predicts. This would represent a 30-50% price surge from current levels near $38.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-1024x580.png" alt="" class="wp-image-439955" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-2048x1160.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-667.png 1919w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Bulls Push Above Resistance</strong></p>
<p>Since World of Charts posted the bullish setup, INJ bulls have started breaking out above resistance around $38. This lends credence to the pennant breakout prediction.</p>
<p>If INJ can close decisively above short-term resistance, it would confirm the bullish pattern. This could give traders confidence that the token is gearing up for a move to $50-55 as projected. Bulls will now want to see strong follow-through above $38 to sustain the momentum.</p>
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<p>The post <a href="https://captainaltcoin.com/injectives-inj-to-surge-over-30-as-bulls-start-breaking-out-of-pennant-pattern/" rel="noopener noreferrer nofollow">Injective’s INJ to Surge Over 30% as Bulls Start Breaking Out of Pennant Pattern</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Injective’s INJ to Surge Over 30% as Bulls Start Breaking Out of Pennant Pattern

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